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Senior Agenda airs live every Thursday morning at 10 am. Podcasts are also available.



Monday, February 3, 2014

Social Security Questions Answered this Week on Senior Agenda

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John LaMotte, a State Liaison (Ohio) from the Social Security Administration, will be one of our in-studio guests this Thursday morning on Senior Agenda.  Remember to listen to the live program at 10:00 am at http://www.talktainmentradio.com/.   Call in with questions at 1-877-932-9766.  If you miss the live broadcast, you can listen at 5:00 pm on your drive home or just before bedtime at 10:00 pm on Thursday.  The program also airs on Columbus Community Radio for our seniors who are not internet savvy on Sunday evenings at 7:00 pm on 98.3 and 102.1 on your FM dial.  Be sure to listen and take advantage of this unique opportunity to ask questions and make comments.  

What's new with social security? 
Information pulled directly from Social Security Administration Official Site:  http://www.ssa.gov/
Social Security Announced a 1.5% Increase for 2014
Monthly Social Security and Supplemental Security Income (SSI) benefits for nearly 63 million Americans will increase 1.5% in 2014.

Some other changes that take effect in January of each year are based on the increase in average wages.  Based on that increase, the maximum amount of earnings subject to the Social Security tax (taxable maximum) will increase to $117,000 from $113,700.  Of the estimated 165 million workers who will pay Social Security taxes in 2014, about 10 million will pay higher taxes as a result of the increase in the taxable maximum. 

Want to learn more about how the COLA is calculated? The Social Security Act provides for how the COLA is calculated.  To learn more visit www.socialsecurity.gov/cola

New Payments to Same-Sex Married Couples / December 2013
"I am pleased to announce that Social Security is processing some widow's and widower's claims by surviving members of same-sex marriages and paying benefits where they are due.  In addition, we are able to pay some one-time lump sum benefit claims to surviving same-sex spouses," said Carolyn W. Colvin, Acting Commissioner of Social Security. 
New Compassionate Allowances Conditions / January 2014
25 new Compassionate Allowances conditions were announced to include dozens of cancers bringing the total number of conditions to 225.  The Compassionate Allowances program expedites disability decisions for Americans with the most serious disabilities to ensure that they receive their benefits decisions within days instead of months or years.  The new conditions also include disorders that affect the digestive, neurological, immune and multiple body systems.  

Other frequently asked questions include:  
  • How do I apply for Social Security?
  • How far in advance can I apply for Social Security benefits?
  • How can I get an estimate of my benefits?
  • At what age can I begin receiving full benefits?
  • What is considered my retirement age? 
  • Do I have to pay income tax on benefits I receive?  
  • Can I receive both Social Security and SSI benefits?  
  • What is the maximum Social Security retirement benefit? 
  • What is the benefit my spouse may be entitled to receive? 
  • How does a divorced spouse qualify for benefits?
  • How much can I earn while receiving benefits?  
and more....
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The other in-studio guests will be representatives from the National Committee to Preserve Social Security & Medicare. Did you know your social security benefits are in jeopardy?  
Listen & join in on the conversation.  
1-877-932-9766